GEORGIA

He also pointed out that the USAID programme contributed to the identification of challenges in various agribusinesses and their overcoming throughout the country, adding the enterprises had benefited from the increase in exports, which amounted to $148 million. Photo via Economy Ministry Georgian Economy Minister Levan Davitashvili on Wednesday highlighted the close cooperation with the … Read more

GEOSTAT reports that, in January, the share of the ten largest import partner countries in the total import of Georgia amounted to 70%. In the mentioned period, the most products were imported to Georgia from Turkey (20.3%). The list of the ten largest import partner countries of Georgia in January 2024: Turkey – 203.1 million … Read more

Davitashvili said the cooperation in the energy sector with the UAE was “particularly interesting”, and noted the Georgian Government was “ready to take active steps” to deepen the ties and create additional investment opportunities. Photo: Ministry of Economy Georgian Economy Minister Levan Davitashvili on Tuesday met United Arab Emirates officials to discuss trade and economic … Read more

The increased demand for the Middle Corridor transit route has positively affected the transport companies, Levan Tatarashvili, CEO at IBEX Logistics, says. According to Tatarashvili, based on the 2023 data, demand for transportation is expected to increase by 500%, in 2024 this figure will increase even more. The main task is to improve the infrastructure, … Read more

In 2023, Georgia’s foreign trade turnover amounted to 21 billion 529 million dollars. Both import and export increased during this period. According to the data of 2023, the value of goods sold in Kyrgyzstan among the largest export partners of Georgia increased by 642% (695.6 million dollars). Accordingly, the Central Asian country took the fourth … Read more

In 2023, Georgia exported goods worth $704,364 million to EU countries that is 11.6% of the total exports. As for imports, Georgia brought products worth $3.795 billion from EU countries that is 24.6% of the total imports. Top 5 import commodities are: • Light vehicles – 455,649 million US dollars • Oil and oil products … Read more

The Minister also noted “significant economic activity” had led to the high trade turnover, adding the country managed to be an “important trading platform” under conditions of a “free economic environment” despite the “global context” in 2023. Photo: Ministry of Economy Georgian Economy Minister Levan Davitashvili on Monday highlighted last year’s “new record” in the … Read more

Georgian National Statistics Service (GeoStat) summed 2023. GeoStat Executive Director, Gogita Todradze, reported the Georgian economy grew by 6.9% in 2023 based on the last 11 months’ data. Gogita Todradze pointed out that trade, construction, finance, insurance, and information and communication technologies experienced growth, whereas the procession industry declined. GeoStat Executive Director compared Georgia’s economic … Read more

Based on the economic growth data published today, we can already summarize the trends of economic growth in 2023 – first of all, I would like to note that the economy of Georgia maintains the high economic growth rate recorded in 2021-2022, and we expect that in 2023 the economy of Georgia will grow by … Read more

An agreement was signed between the Government of Georgia and the Government of the People’s Republic of China on international road transportation of passengers and cargo, which provides for the exchange of bilateral and transit transportation quotas for carriers registered in both Georgia and the People’s Republic of China. According to the data of the … Read more